Zuckerberg: Libra's mission is to build a simple global financial infrastructure

On June 18th, Facebook founder Mark Zuckerberg said on his personal Facebook: Today, Facebook and 27 organizations around the world set up a non-profit Libra Association and created a new currency called Libra. Libra's mission is to build a simple global financial infrastructure that powers billions of people around the world. It is powered by blockchain technology and is scheduled for release in 2020. Libra is protected by encryption technology, which helps keep your money safe. This is an important part of our vision of a privacy-focused social platform where you can interact in any way you want to do privately, from SMS to secure payment. Privacy and security will be integrated into every step of the Libra project. For example, Calibra will have a dedicated team of risk management experts focused on preventing people from using Calibra for fraudulent purposes. We offer fraud protection, so if you lose your Libra currency, we will provide a refund. We also believe that it is important to make people have choices, so you have the opportunity to use many third-party wallets on the Libra network. Before Libra officially launched, there was still a lot to learn and do. We know that this is a major task and responsibility, and we are committed to doing it well.